Sobha Share Price in Focus: Q3 FY25 Sales Drop 29% YoY, Bengaluru Dominates

Real estate developer Sobha reported a 29% year-on-year (YoY) drop in sales for Q3 FY25, totalling ₹1,388.6 crore. Despite the YoY decline, sales improved by 17.8% compared to the previous quarter (QoQ).

Bengaluru Leads the Sales

Bengaluru contributed a significant 72.1% of the company’s total sales during the quarter. Sobha Ayana, one of the company’s key projects, accounted for over 50% of Bengaluru’s sales value in Q3 FY25.

New Sales and Average Realisation

Sobha sold 1.01 million square feet (msf) of space in Q3 FY25, achieving an average price realisation of ₹13,663 per square foot (sq ft).

9M FY25 Performance

For the first nine months of FY25 (9M FY25), Sobha reported total sales of ₹4,440.8 crore, reflecting a 13.61% decline YoY. During this period, the company launched 6 projects across four cities, covering 4.66 msf.

The average price realisation for 9M FY25 rose by 31.3% YoY to ₹14,226 per sq ft, driven by price increases in ongoing projects and higher realisation from newly launched projects.

Project Portfolio

Sobha’s portfolio spans cities like Bengaluru, Gurgaon, GIFT City, Hyderabad, Pune, Kochi, Thrissur, Calicut, Trivandrum, Chennai, and Coimbatore.

The company highlighted that growth in commercial space demand, a key indicator of job creation, continues to drive urbanisation. This supports sustained residential demand in major cities. However, Sobha noted that supply is also expected to rise in the medium term.

About Sobha Limited

Sobha Limited, established in 1995, is a real estate company that develops townships, housing projects, commercial spaces, and related activities. The company also manufactures products for interiors, glazing, metalwork, and concrete.

Sobha share price is trading at ₹1,393.85, down by ₹42.20 (2.94%) as of 9:41 am on January 9. The stock opened at ₹1,426.00 and reached a high of ₹1,431.45 and a low of ₹1,390.10 during the session. Sobha’s market capitalisation stands at ₹14,080 crore, with a P/E ratio of 253.75 and a dividend yield of 0.22%. Over the past year, the stock has touched a 52-week high of ₹2,161.21 and a 52-week low of ₹1,175.09.

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